Friday, April 28, 2017
Paramount Posts $136 Million Q2 Loss
Paramount Pictures April 28 reported a second-quarter (ended March 31) operating loss of $136 million, compared with operating income of $1 million during the previous-year period. Revenue remained flat at $655 million. Global theatrical revenue increased 6% to $217 million, due largely to ticket sales from 'Daddy’s Home' and 'The Big Short.'
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